HCL Technologies Annual Report 2022

The past 12 months have seen humanity and businesses evolve to the ‘new normal.’ Human inventiveness and technological innovation came to the forefront to help communities and businesses act, adapt, and advance through this period of disruption.

If the year prior provided the chance to reflect and introspect on what was truly ‘essential’, 2021-22 was defined by the opportunity to recalibrate and accelerate.

  • Accelerate enterprise and business model transformations
  • Accelerate creation of new competitive advantages and differentiated experiences – seizing opportunities amid crises
  • Accelerate professional ambitions and personal aspirations
  • Accelerate progress toward key global sustainability targets
  • Accelerate the vision of an inclusive and equitable future
  • Accelerate growth and value creation for all stakeholders and ecosystems

HCL Technologies’ Annual Report 2021-22 recounts a year of sustained, market-leading momentum, priming us as the partner of choice to accelerate progress for our clients, our people, our shareholders, and stakeholders. We remain committed to enabling this acceleration with a single-minded focus to deliver responsible progress for all.

Letters from our Directors

At HCL, we have continued to learn, build and grow efficiently while constantly expanding our client base and growing our share of wallet."

Roshni Nadar Malhotra


Our front-runner credentials in Cloud have further strengthened this positioning. We believe that by 2025, more than 50% of tech spend in the IT Services market is going to be on Cloud.”

C Vijayakumar

CEO & Managing Director

At a glance




6.9% increase on YoY basis Profit before tax


Operating cash flow 4 Year CAGR: 19.4%


New Deal TCV 18% increase YoY


Revenue 13.6% increase YoY


Profit before Taxes, Finance costs and, other Income in FY 2022


New large deals signed


Total increase in $100M+ clients over past three FYs
Revenue from Operations (₹ Cr)
14.1% CAGR*
Profit before Taxes, Finance costs, and other Income (₹ Cr)
13.2% CAGR*
Profit after Tax (₹ Cr)
11.5% CAGR*
Client Category
(Number of clients)
Diluted EPS (₹)
12.5% CAGR*
Employee Metrics (Headcount)
A differentiated and integrated portfolio
*3 year CAGR

Global presence.


Delivery centers

Our delivery centers support customers and partners globally by providing access to the latest technology expertise and business-oriented technology solutions.


Innovation Labs

Our innovation labs help ideate, develop and deliver futuristic solutions through next-generation technologies for the business transformation journeys of our clients.


Engineering Labs

Our engineering labs help design, test, and accelerate product development and certification by leveraging the latest technologies to create immersive customer experiences.

Awards and recognitions

Leadership Positions. Accelerated.

Forbes World’s Best Employers 2021

#1 in the world in Professional Services sector in Forbes ‘World’s Best Employers’ List 2021

Top 5 amongst multinationals headquartered in India, across all sectors

Top 100 Amongst Global top 100 for the second consecutive year

Corporate Citizen of the Year 2021’ by Economic Times

For being a flag-bearer of social change and champions of good governance.

Guinness World Record for #CodeForCovid19

For conducting the largest Healthcare Technology Solution Competition


#1 in ESG Ratings by Edelweiss (cross check to be repeated) Highest overall score among India’s Top NSE 100 companies.

Global Leadership Award, 2021

Mr. Shiv Nadar honored by US India Business council for distinguished leadership and the seminal role that he has played in advancing the strategic and economic partnership between India and the United States of America.

Philanthropist of the year, 2021

Mr. Shiv Nadar honored with the prestigious award by Indo-French Chamber of Commerce and Industry.

Eminent Engineer Award, 2021

Mr. Shiv Nadar honored by the Engineering Council of India for his pioneering role in the field of engineering , business, and philanthropy.

Forbes 100 Most Powerful Women Of The World, 2021

Ms. Roshni Nadar Malhotra has been placed at 52nd position this year in the 100 Most Powerful Women List.

India’s Most Powerful Women Award, 2021

Ms. Roshni Nadar Malhotra awarded with Business Today’s Most Powerful Women Award for second year consecutively.

Financial Express CFO Award, 2021

Prateek Aggarwal, Chief Financial Officer, HCL Technologies recognized as the BEST CFO under large enterprises (Service Industry) category at the Fifth Edition of FE CFO Awards 2021-22.

Top Employer In 17 countries

by Top Employers Institute

Gold for Leadership under crisis, Best advance in Employee Engagement and Sales Training and Performance

by Brandon Hall Excellence Award

India’s Best Employers Among Nation-Builders, 2021

by Great Place to Work® Institute.

Regional Top employer FY21-22

in North America (Canada, US, Mexico) by Great Place to Work® Institute.

Leader in Digital Talent

in the Avasant Digital Talent Capability 2021 RadarViewTM

Talent Insights Pioneer Award

By LinkedIn in 10,000+ employees category

Best Organization for Women, 2021

by Economic Times

India’s Best workplaces for Women, 2021

by Great Place to Work® Institute

Global Gender-Equality Index, 2022

By Bloomberg

Excellence in Practice Award Winners for Diversity & Inclusion, 2022

by Association of Talent Development (ATD)

HCL Technologies positioned as a Leader in the 2021 Gartner® Magic QuadrantTM for Public Cloud IT Transformation Services.

HCL Technologies positioned as a Leader in the 2021 Gartner® Magic QuadrantTM for Managed Network Services

HCL Technologies positioned as a Leader in the 2022 Gartner® Magic QuadrantTM for Outsourced Digital Workplace Services.

HCL Technologies positioned as a Leader in the 2022 Gartner® Magic QuadrantTM for Managed Mobility Services.

HCL Technologies positioned as a Leader in the 2021 Gartner® Magic QuadrantTM for Data Center Outsourcing and Hybrid Infrastructure Managed Services, Global HCL Technologies positioned as Leader in The Forrester WaveTM : Application Modernization and Migration Services, Q3 2021

HCL Technologies positioned as Leader in the IDC MarketScape: Worldwide Supply Chain SAP Ecosystem Services 2021 Vendor Assessment (Doc #US47537120, Mar 2021)

HCL Technologies positioned as Leader in the IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor Assessment (Doc # US45977020, Oct 2021)



Sustainability is embedded in everything we do at HCL Technologies. With a comprehensive ESG framework, we are creating harmony between people, planet and prosperity.

Corporate Social Responsibility

Corporate Social Responsibility

At HCL Technologies, our ability to deliver on our mission continues to be rooted in part to our strong corporate social responsibility toward the communities in which we live and work.

Powered by People

Powered by People

In our continuing mission to expand and enrich our employee-centric culture, HCL Technologies has long understood this fundamental truth: our people are the keys to our progress.

Business Highlights


Intelligent choices for a resilient and sustainable business.

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HCL Technologies Ecosystems: Engines of Innovation

The dynamic ecosystems of market leaders and innovators empower us not only to create special value for our clients today but also to innovate for the future.

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IT and Business Services

A comprehensive suite of end-to-end digital offerings to address the traditional and transformational needs of large enterprises.

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Engineering and R&D Services

We partner with global enterprises to accelerate product and platform development by leveraging the latest digital technologies to monetize product services and create world-class customer experiences.

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Products and Platforms

Products & Platforms (P&P) launched with two key objectives – to become a credible Enterprise Software Player and to access Global Client Base & Sales Channels.

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Client Perspectives

Read about what our clients say about us.